GyanGram
ATTEMPT · INTERNATIONAL RELATIONS · PRELIMS 2016
‘European Stability Mechanism’, sometimes seen in the news, is an
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‘European Stability Mechanism’, sometimes seen in the news, is an
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• Correct Answer: B
• European Stability Mechanism (ESM) is a permanent intergovernmental organization providing financial assistance and loans to eurozone countries in crisis.
• Established in 2012, it safeguards financial stability of the euro area.
• A, C, D are wrong: ESM does not handle refugees, trade agreements, or bilateral conflicts.
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